WiSA Technologies Inc. [WISA] Revenue clocked in at $4.40 million, down -18.00% YTD: What’s Next?

WiSA Technologies Inc. [NASDAQ: WISA] stock went on a downward path that fall over -2.21% on Friday, amounting to a one-week price decrease of less than -16.76%. The company report on January 5, 2023 that WiSA to Demonstrate a Wireless 5.1.4 Dolby Atmos Soundbar System Platform Powered by WiSA DS Technology at CES 2023.

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WiSA Technologies, Inc. (NASDAQ: WISA), a leading provider of immersive wireless sound technology for intelligent devices and next-generation home entertainment systems, will demonstrate a new Dolby Atmos soundbar system platform for the first time at the Consumer Electronics Show (CES) in Las Vegas from January 5-7. The platform, powered by WiSA DS technology, is designed to allow WiSA member brands to create soundbar systems with four channels of true up-firing Dolby Atmos sound at velocity retail price points as low as $499 and be in market as early as Q3 2023.

The platform has integrated WiSA’s DS technology into a 5.1.4 Dolby Atmos wireless soundbar system featuring a total of ten audio channels, five of which are wireless. The five wireless audio channels include two rear channels and two rear up-firing front Dolby Atmos channels as well as a wireless subwoofer. The embedded WiSA DS technology requires only a single transmitter in the soundbar component, and single transmitters in the subwoofer and rear channel speakers, to send and receive all audio channels. The system components connect wirelessly with ease to deliver immersive sound at an affordable price point for consumers.

Over the last 12 months, WISA stock dropped by -93.30%. The one-year WiSA Technologies Inc. stock forecast points to a potential upside of 96.73. The average equity rating for WISA stock is currently 2.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $1.51 million, with 71.12 million shares outstanding and 69.96 million shares in the current float. Compared to the average trading volume of 11.39M shares, WISA stock reached a trading volume of 24786710 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on WiSA Technologies Inc. [WISA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for WISA shares is $2.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on WISA stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

H.C. Wainwright have made an estimate for WiSA Technologies Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 14, 2020.

The Average True Range (ATR) for WiSA Technologies Inc. is set at 0.02, with the Price to Sales ratio for WISA stock in the period of the last 12 months amounting to 0.34. The Price to Book ratio for the last quarter was 0.25, with the Price to Cash per share for the same quarter was set at 0.15.

WISA Stock Performance Analysis:

WiSA Technologies Inc. [WISA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -16.76. With this latest performance, WISA shares dropped by -26.33% in over the last four-week period, additionally sinking by -85.71% over the last 6 months – not to mention a drop of -93.30% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for WISA stock in for the last two-week period is set at 27.46, with the RSI for the last a single of trading hit 28.47, and the three-weeks RSI is set at 27.71 for WiSA Technologies Inc. [WISA]. The present Moving Average for the last 50 days of trading for this stock 0.2194, while it was recorded at 0.0963 for the last single week of trading, and 0.6283 for the last 200 days.

Insight into WiSA Technologies Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and WiSA Technologies Inc. [WISA] shares currently have an operating margin of -175.98 and a Gross Margin at +28.50. WiSA Technologies Inc.’s Net Margin is presently recorded at -180.71.

Return on Equity for this stock declined to -97.32, with Return on Assets sitting at -77.03.

WiSA Technologies Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 2.90.

WiSA Technologies Inc. [WISA] Insider Position Details

There are presently around $0 million, or 14.00% of WISA stock, in the hands of institutional investors. The top three institutional holders of WISA stocks are: VANGUARD GROUP INC with ownership of 355,785, which is approximately -7.797% of the company’s market cap and around 5.50% of the total institutional ownership; GEODE CAPITAL MANAGEMENT, LLC, holding 147,049 shares of the stock with an approximate value of $13000.0 in WISA stocks shares; and INGALLS & SNYDER LLC, currently with $6000.0 in WISA stock with ownership of nearly 0% of the company’s market capitalization.

Positions in WiSA Technologies Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 4 institutional holders increased their position in WiSA Technologies Inc. [NASDAQ:WISA] by around 52,482 shares. Additionally, 7 investors decreased positions by around 93,717 shares, while 11 investors held positions by with 621,226 shares. The mentioned changes placed institutional holdings at 767,425 shares, according to the latest SEC report filing. WISA stock had 2 new institutional investments in for a total of 50,652 shares, while 4 institutional investors sold positions of 62,997 shares during the same period.


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